{
  "ticker": {
    "uuid": "3198b1cd-68af-4da0-b893-ebb210b864a7",
    "symbol": "VEUA",
    "name": "Vanguard FTSE Developed Europe UCITS ETF EUR Accumulation",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 80.226,
    "architecture_energy": 61.719,
    "architecture_maturity": 29.208,
    "architecture_confidence": 87.323,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 10.3,
        "rotation_up": 60.78,
        "upward_expansion": 83.39,
        "deceleration": 53.87,
        "rotation_down": 22.16,
        "downward_expansion": 10.05
      },
      "activity_lines": [
        51.683999,
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        50.695286,
        50.055253
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 52.619999,
    "trend_reference": 49.398083,
    "distance_from_trend": 0.065224,
    "trend_direction": "Improving",
    "fair_value": 41.04226,
    "distance_from_fair_value": 0.282093,
    "fair_value_direction": "Improving",
    "relative_strength": 2.060165,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.079053,
    "excess_performance": 0.027817,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.065224,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033548,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.282093,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.053544,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.020602,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.011033,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.079053,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.727399,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 195499,
      "relative_activity": 1.036199,
      "balance": 2.727399,
      "dry_up": 0.956406,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.020526,
      "annualized_volatility": 0.153522,
      "from_high_reference": -0.008853,
      "from_low_reference": 0.236227
    },
    "levels": {
      "trend_reference": 49.398083,
      "fair_value_reference": 41.04226,
      "structural_low": 44.169998,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 36,
        "median_return": 0.007202,
        "positive_rate": 0.638889,
        "directional_follow_through": 0.638889,
        "median_excess_return": 0.002412,
        "regime_survival": 0.805556,
        "best_return": 0.100804,
        "worst_return": -0.095105,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.014074,
        "positive_rate": 0.538462,
        "directional_follow_through": 0.538462,
        "median_excess_return": 0.005653,
        "regime_survival": 0.538462,
        "best_return": 0.085,
        "worst_return": -0.04323,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 9,
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        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
        "median_excess_return": 0.010166,
        "regime_survival": 0.666667,
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        "worst_return": -0.109311,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "best_return": 0.217071,
        "worst_return": -0.068064,
        "sufficient": false
      }
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        "regime": "balance",
        "label": "Balance",
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        "tenure": "Established",
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      },
      {
        "regime": "downward_expansion",
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        "return": 0.064014,
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "downward_expansion",
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-05-01",
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        "relative_strength": -0.244465,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 328492.75,
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        "relative_strength": 1.44952,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 328227.05,
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        "fair_value": 39.81157,
        "relative_strength": 1.250178,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 320602.2,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 1.899136,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 295059.0,
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        "relative_strength": 2.465965,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "direction": 67.507834,
        "energy": 69.319719,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 242426.55,
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        "relative_strength": 2.992192,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 230154.15,
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        "relative_strength": 2.431911,
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        "modifier": "Re-accelerating",
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        "direction": 64.024574,
        "energy": 71.434169,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 50.700001,
        "volume": 169588,
        "typical_volume": 221952.7,
        "trend": 48.956333,
        "fair_value": 40.699359,
        "relative_strength": 1.225424,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.85185,
        "energy": 58.012441,
        "activity_lines": [
          51.036,
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          49.533414
        ]
      },
      {
        "date": "2026-07-24",
        "close": 51.139999,
        "volume": 181484,
        "typical_volume": 209103.2,
        "trend": 49.101917,
        "fair_value": 40.806987,
        "relative_strength": 0.810146,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.015613,
        "energy": 46.993867,
        "activity_lines": [
          51.048667,
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          50.184536,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 51.634998,
        "volume": 175207,
        "typical_volume": 195815.9,
        "trend": 49.24825,
        "fair_value": 40.92141,
        "relative_strength": 0.500743,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.674429,
        "energy": 46.655938,
        "activity_lines": [
          51.225666,
          51.096272,
          50.403964,
          49.83772
        ]
      },
      {
        "date": "2026-08-07",
        "close": 52.619999,
        "volume": 195499,
        "typical_volume": 188669.3,
        "trend": 49.398083,
        "fair_value": 41.04226,
        "relative_strength": 2.060165,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.226273,
        "energy": 61.719203,
        "activity_lines": [
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        ]
      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}